SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of basic and diluted income per common share

The Company’s net income is adjusted for the portion of income that is attributable to common stock subject to possible redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted income per common share is calculated as follows:

	Three Months		Six Months
	Ended		Ended
	June 30,		June 30,
	2020		2020
Net (loss) income	$	(1,335,040)	$	1,696,498
Less: Income attributable to common stock subject to possible redemption		—		(2,558,125)
Adjusted net loss	$	(1,335,040)		(861,627)
Weighted average shares outstanding, basic and diluted		31,167,195		30,397,160
Basic and diluted net loss per common share	$	(0.04)	$	(0.03)